IFRS 17, Insurance Contracts fundamentally changes the way insurers will account for insurance contracts in their IFRS financial statements. Read More ...
GAAP Flash – New Auditor’s Report, IFRS, and Tax Cheats – 06.02.2017
Jun 02, 2017This GAAP Flash discusses the proposed changes to Auditor’s Report, Japan’s movement towards IFRS, tax evaders, and personality traits of CPAs. Read More ...
Learn from PCAOB Inspection Reports: The Risk Assessment Standards
May 30, 2017Adherence to the risk assessment standards continue to be a deficiency noted in PCAOB inspection reports. Where are engagement teams getting it wrong? Read More ...
GAAP Flash – ASC 805, Audit Quality and China’s downgrade – 05.26.17
May 26, 2017Potential impairment issues, business combination accounting under ASC 805 and IFRS 3, and audit quality are covered in this week’s GAAP Flash. Read More ...
Learn from PCAOB Inspection Reports: PCAOB AS 5 Regains Top Spot!
May 23, 2017PCAOB inspection reports show audits of internal control over financial reporting (PCAOB AS 5) is the most cited deficiency. This post examines why. Read More ...
GAAP Flash – IFRS 17, ASC 718, PCAOB Inspection Reports – 05.19.17
May 19, 2017This GAAP Flash discusses the new IFRS 17, Insurance Contracts, ASC 718 involving stock compensation, and PCAOB inspection reports. Read More ...
Top 5 Changes for 2017: ASC 330; ASC 805; ASC 740; ASC 323; ASC 718
May 16, 2017There are plenty of changes to existing accounting standards that take effect this year, including ASC 330, ASC 805, ASC 740, ASC 323, and ASC 718. Read More ...
GAAP Flash – PCAOB Inspection Reports, ASC 606, PCAOB AS 5 - 05.12.17
May 12, 2017This GAAP Flash discusses improvements in PCAOB inspection reports, ASC 606 and subscription businesses, possible SOX 404(b) changes, and PCAOB AS 5. Read More ...